Economics Homework Help:
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Our Popular Economics Subjects
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This area of study encompasses the global, national, and region-wide economies. The different features that are examined in Macroeconomics are price levels, inflation, national income, and rate of growth.
Econometrics Homework Help
Economics Homework Help
Economics is a social science subject that deals with the production and consumption of goods and services along with their management in an economy. Economics teaches people to make decisions regarding monetary transactions, what motivates them in doing so, what are their behavioural patterns etc.
There are two main branches of economics: Microeconomics and Macroeconomics.
Microeconomics focuses on individual households or businesses as units and usually explains supply-side problems. It deals with fundamental economic concepts like supply, demand, elasticity as well as a cost-benefit analysis of businesses, consumers and government institutions. Microeconomic theory also helps in predicting market performance.
Macroeconomics looks at the behaviour of national economies as a whole entity and addresses demand-side issues in the marketplace. The macroeconomics field deals with whole economies and looks at issues like inflation, unemployment, economic growth etc.
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